Rct 2015 Business Holdings Lp - Nov 10, 2022 Form 4 Insider Report for CONSTELLATION BRANDS, INC. (STZ)

Role
Member of 10% owner group
Signature
/s/ Thomas M. Farace, CEO of WildStar Partners LLC, Managing General Partner of Reporting Person
Stock symbol
STZ
Transactions as of
Nov 10, 2022
Transactions value $
$0
Form type
4
Date filed
11/14/2022, 09:37 AM
Next filing
Nov 17, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction STZ Class A Common Stock Award +675K 675K Nov 10, 2022 Direct F1, F2
transaction STZ Class A Common Stock Award +675K 675K Nov 10, 2022 By RCT 2020 Investments LLC F1, F2, F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction STZ Class B (convertible) Common Stock Disposed to Issuer -675K -100% 0 Nov 10, 2022 Class A Common Stock 675K Direct F1, F2
transaction STZ Class B (convertible) Common Stock Disposed to Issuer -675K -100% 0 Nov 10, 2022 Class A Common Stock 675K By RCT 2020 Investments LLC F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Pursuant to a reclassification exempt under Rule 16b-7 that was effected by Constellation Brands, Inc. on November 10, 2022, each share of Class B Common Stock ($0.01 par value) was reclassified and converted into one share of Class A Common Stock ($0.01 par value) and the right to receive a $64.64 cash payment. The conversion of the shares of Class B Common Stock into shares of Class A Common Stock pursuant to the reclassification is also exempt under Rule 16b-3 to the extent of the pecuniary interest in the shares of Richard Sands and Robert Sands.
F2 This report is filed jointly by RCT 2015 Business Holdings LP ("RCT Holdings") and RCT 2015 Business Management LLC ("RCT Management"). RCT Holdings directly holds 675,000 shares of Class A Common Stock. RCT Management is the co-general partner of, and owns a 0.02572% interest in, RCT Holdings.
F3 RCT 2020 Investments LLC ("RCT Investments") is the direct owner of these securities. RCT Investments is a wholly-owned subsidiary of RCT Holdings.